01-13-2013 01:30 AM
I had a Capital One CC that was opened in 2003, I was 19. Long since charged off and closed. 5 months ago I get a collection settlement request from Midland Funding. Where do I start? Is this passed SOL? Will this collection account stay on now for 7 years? How do I start to attack this? I can provide more information if needed, any help appreciated. I have a USAA CreditCheck Monitoring subscription, so I can dispute. I just don't know on what grounds to even start.
01-13-2013 01:55 AM
Also, Capital One first transferred this debt to EAF, then they transferred to Midand Funding. EAF is only showing up on one Experian. How do I dispute EAF to have them dropped off?
01-13-2013 05:31 AM
You say it was opened in 2003 and long since charged off. How long? What is the DOFD? This is what sets the clock for the SOL and the CRTP. Also, the SOL depends on your state.
01-13-2013 09:36 AM
From what I can tell from the CR, the first deliquency was a late notice in early 2008. Charged off in 2009. Then sold to Equable Ascent Fiancial, then sold to Midland Funding. Capital One is closed and states transferred debt, as well as EAF. Midland is showing open since September 2012. How can 2 CA and the OC be on the CR all tied to the same debt? Texas has a 4 year SOL I believe.
01-13-2013 10:54 AM
They can all be on your CR, however both CAs can't be reporting a balance. I'd send DVs to both CAs and see what comes back.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.